Royal Bank Of Canada reissued their buy rating on shares of Oasis Petroleum Inc. (NYSE:OAS) in a research report report published on Thursday morning. Royal Bank Of Canada currently has a $14.00 target price on the energy producer’s stock.
Several other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Oasis Petroleum from a hold rating to a sell rating in a report on Friday, June 2nd. Cowen and Company set a $14.00 price target on shares of Oasis Petroleum and gave the stock a buy rating in a report on Monday, July 10th. Williams Capital reaffirmed a hold rating and issued a $15.00 price target on shares of Oasis Petroleum in a report on Monday, May 15th. BMO Capital Markets set a $18.00 price target on shares of Oasis Petroleum and gave the stock a buy rating in a report on Monday, May 8th. Finally, SunTrust Banks, Inc. raised shares of Oasis Petroleum from a hold rating to a buy rating and upped their price target for the stock from $16.00 to $17.00 in a report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $14.45.
Shares of Oasis Petroleum (NYSE OAS) traded down 4.71% during midday trading on Thursday, hitting $7.49. The company’s stock had a trading volume of 11,995,455 shares. Oasis Petroleum has a 52-week low of $6.56 and a 52-week high of $17.08. The stock’s 50 day moving average is $8.34 and its 200-day moving average is $12.06. The firm’s market cap is $1.78 billion.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $285.10 million for the quarter, compared to analysts’ expectations of $252.72 million. Oasis Petroleum had a negative net margin of 18.00% and a negative return on equity of 2.88%. The business’s quarterly revenue was up 119.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Equities analysts predict that Oasis Petroleum will post ($0.13) EPS for the current fiscal year.
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In other news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the sale, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of OAS. DekaBank Deutsche Girozentrale raised its stake in Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Oasis Petroleum during the fourth quarter worth $227,000. Stephens Inc. AR raised its stake in Oasis Petroleum by 13.8% in the first quarter. Stephens Inc. AR now owns 16,050 shares of the energy producer’s stock worth $229,000 after buying an additional 1,950 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Oasis Petroleum during the first quarter worth $242,000. Finally, Atria Investments LLC raised its stake in Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock worth $243,000 after buying an additional 700 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.
Oasis Petroleum Company Profile
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.
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